EPAM Systems (EPAM): An AI Loser or Gainer?

Group 1 - White Falcon Capital Management's portfolio returned 5.6% in Q4 2025, with a yearly return of 28.4% [1] - The portfolio consists of 20-25 selected stocks, focusing on quality and valuation standards to generate positive absolute returns [1] - The rolling three-year annualized return stands at 25.9% CAGR, outperforming major indices like the S&P 500 [1] Group 2 - EPAM Systems, Inc. is highlighted as a leading digital platform engineering and software development services provider [2] - EPAM's stock closed at $144.58 on March 05, 2026, with a one-month return of -22.55% and a 52-week loss of 27.27% [2] - EPAM is trading at 11x EBITDA and 17x EPS based on current year estimates, with expected revenue growth in the mid-teens and earnings growth in the high-teens over the next several years [3] Group 3 - EPAM is positioned at the intersection of enterprise technology and real-world implementation, with potential for growth despite being labeled as an "AI loser" [3] - The market is recognizing that many corporations are not yet on the cloud, and core systems need modernization before AI deployment [3] - EPAM's recent partnership with Cursor allows it to incorporate AI and productivity into its operations without increasing headcount [3]